Acumen Climate Action Pakistan Fund

The Acumen Climate Action Pakistan (ACAP) Fund is a USD 90 million blended finance facility, requesting USD 28 million from the Green Climate Fund (GCF), to support venture and growth-stage agribusinesses in Pakistan. The fund targets three investment themes: Farmer Platforms and Financial Solutions, Smart Farming, and Post-Harvest Technologies. It aims to benefit approximately 13.1 million people by improving farmer incomes, increasing the adoption of climate-smart agriculture, and reducing post-harvest losses. The program includes a USD 10 million Technical Assistance Facility (TAF) to support portfolio companies in areas such as gender initiatives, ESG reporting, and climate adaptation. ACAP seeks to demonstrate the commercial viability of adaptation-focused business models to catalyze further private sector investment in Pakistan's agriculture sector.

• Pakistan is highly vulnerable to climate change, with economic losses from climate-induced disasters totaling nearly USD 29.3 billion between 1992 and 2021, including USD 15.2 billion from the 2022 floods alone.
• Climate projections indicate that under the worst GHG emissions scenario, Pakistan could warm by 5.3°C by the end of the 21st century, which is 20% higher than the global average of 4.4°C.
• Climate change is expected to reduce water flows to the Indus River Basin System by 30%-40% due to accelerated glacial melt, potentially causing Pakistan's GDP to contract by nearly 4.6% per year.
• The ACAP Fund is a USD 90 million facility consisting of USD 80 million in catalytic investment capital and a USD 10 million grant-funded Technical Assistance Facility (TAF).
• The fund intends to invest in 15-17 agribusinesses across three priority themes: Farmer Platforms and Financial Solutions, Smart Farming, and Post-Harvest Technologies.
• ACAP expects to strengthen the resilience of approximately 13.1 million people, including 1,993,266 direct beneficiaries and 11,062,627 indirect beneficiaries.
• The Technical Assistance Facility (TAF) will provide support across five specific areas: Climate Adaptation, Gender Initiatives, Business Development, ESG Reporting, and Impact Evaluation.
• The fund aims to address significant gender inequities in Pakistan's agriculture sector, where women make up nearly 70% of the workforce but only 1.2% own land.
• The GCF is requested to provide USD 28 million in total funding, comprising USD 25 million in equity and USD 3 million in grants.
• The fund's investment strategy prioritizes export-oriented and import-substituting value chains to mitigate risks associated with the devaluation of the Pakistani Rupee (PKR).

APA

Green Climate Fund (2024). Acumen Climate Action Pakistan Fund. https://www.greenclimate.fund/sites/default/files/document/fp229-acumen-acumen-climate-action-pakistan-fund.pdf

Chicago

Green Climate Fund. Acumen Climate Action Pakistan Fund. 2024. https://www.greenclimate.fund/sites/default/files/document/fp229-acumen-acumen-climate-action-pakistan-fund.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Acumen Climate Action Pakistan Fund |date=4 April 2024 |url=https://www.greenclimate.fund/sites/default/files/document/fp229-acumen-acumen-climate-action-pakistan-fund.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024acumen, author = {{Green Climate Fund}}, title = {{Acumen Climate Action Pakistan Fund}}, institution = {Green Climate Fund}, year = {2024}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/fp229-acumen-acumen-climate-action-pakistan-fund.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }